JSC"  Pirmā  banka"  has  received a loan from the European Investment

Bank

European Investment Bank (EIB) has issued a credit line to Pirmā banka,

to be used for on-lending to small and medium-size enterprises (SME) as

long-term credits. Private, state and local government enterprises will

be   able   to   receive   loans  at  competitive  interest  rates  for

implementation of various projects.

According to the terms and conditions of the loan agreement between EIB

and  Pirmā  banka,  enterprises  with  net  fixed  assets  under EUR 75

million,  with  the  number  of  employees  under 500 and not more than

one-third  owned by another company not meeting these criteria, will be

eligible to the loan.

The  total  value  of  the  credit line is EUR 10 million, which may be

increased  in case of successful co-operation. The currency of the loan

will be LVL, USD or EUR, the maturity 3 or 4, or even up to 12 years.